Denying the UK access to Europe’s financial markets puts office space at risk
Almost 27m sq ft of London office space could be at risk if the government is unable to negotiate access to the EU’s financial markets.
According to analysis from DealX, 1,912 firms rely on using “passporting” to conduct deals around Europe. If that business becomes restricted, they might have to move at least part of their business.
These firms occupy 13.9m sq ft in the City, and 26.5m sq ft around the key London office markets – equivalent to 26 Cheesegraters.
